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Stock Market & Financial Investment News

News Breaks
April 11, 2014
10:19 EDTERIC, QCOMQualcomm, Ericsson recommended by RBC Capital
Shares of Qualcomm (QCOM) and Ericsson (ERIC) are outperforming the broader market after RBC Capital said the stocks were good investments for the near-term. Qualcomm sells chips used in smartphones, while Ericsson is a provider of communications equipment. WHAT'S NEW: Qualcomm's royalty business remains healthy and defensible, RBC Capital analyst Mark Sue wrote in a note to investors earlier today. Additionally, Qualcomm should benefit from the expansion of LTE networks and it returns 75% of its free cash flow to shareholders, Sue stated. The analyst was also upbeat on Ericsson, as he expects the company's revenue to steadily grow by about 2%-5%. Like Qualcomm, Ericsson should benefit from the expansion of LTE networks, as the company has a 40% share of the global LTE market, Sue stated. The company can benefit from upgrades in Europe and new contracts in Japan and the analyst also thinks Ericsson could raise its dividend. Sue kept Outperform ratings on both Qualcomm and Ericsson. WHAT'S NOTABLE: On March 30, Barron's identified Ericsson as one of several companies that could benefit from increases in the value of their products and possibly become takeover targets for Google (GOOG) or other companies. Other technology vendors that are in this category include Alcatel Lucent (ALU), Nokia (NOK), and Ciena (CIEN). PRICE ACTION: In early trading, Qualcomm climbed 13c to $78.20 and Ericsson shares were down 4c to $13.17, while the Nasdaq index was down nearly 1%.
News For QCOM;ERIC From The Last 14 Days
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March 26, 2015
11:31 EDTERICNeuStar reaffirms outlook, announces buyback after FCC vote
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11:25 EDTERICNeuStar responds to FCC action regarding local number portability administrator
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11:06 EDTERICFCC votes unanimously to end portability contract with NeuStar
NeuStar (NSR) was expected to loss the Number Portability Administration Center vendor contract with the FCC to Ericsson's (ERIC) Telcordia unit after the Wireline Competition Bureau earlier this morning provided a draft order to the agency to initiate contract negotiations with Telcordia. The FCC voted today to move forward with Ericsson.
08:26 EDTQCOMSemi stocks less likely to rebound now than in 4Q14, says Goldman
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March 25, 2015
07:33 EDTQCOMQualcomm Life and AMC Health announce collaboration
Qualcomm Life, a subsidiary of Qualcomm, and AMC Health announced a collaborative effort to accelerate the transformation of chronic care and population health management by significantly enhancing connectivity and care coordination for at-risk patients, specifically those with heart failure, hypertension, diabetes, asthma or COPD, in a cost-effective manner. The companies will integrate Qualcomm Life's 2net Connectivity Platform with AMC Health's CareConsole care coordination platform.
March 20, 2015
10:00 EDTERICOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Actuant (ATU) downgraded at Stifel... American Capital Mortgage (MTGE) downgraded to Hold from Buy at Wunderlich... Campus Crest (CCG) downgraded at RBC Capital... Care.com (CRCM) downgraded to Neutral from Overweight at JPMorgan... Electrolux AB (ELUXY) downgraded to Neutral from Overweight at JPMorgan... Ericsson (ERIC) downgraded to Equal Weight from Overweight at Morgan Stanley... Extreme Networks (EXTR) downgraded at Raymond James... PrivateBancorp (PVTB) downgraded to Market Perform from Outperform at BMO Capital... TD Ameritrade (AMTD) downgraded to Neutral from Buy at Goldman... Tableau (DATA) downgraded at Mizuho... Tech Data (TECD) downgraded to Hold from Buy at Needham... Tesoro (TSO) downgraded at Wells Fargo... Ultra Clean (UCTT) downgraded to Hold from Buy at Needham... Vince Holding (VNCE) downgraded to Neutral from Overweight at Piper Jaffray... Youku Tudou (YOKU) downgraded to Sell from Hold at Deutsche Bank.
06:24 EDTERICEricsson downgraded to Equal Weight from Overweight at Morgan Stanley
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March 19, 2015
08:14 EDTERICWorst case scenario unlikely for Ericsson in Apple lawsuit, says Bernstein
Noting that Apple (AAPL) and Ericsson (ERIC) are involved in patent litigation in which Apple has asked the court to limit Apple's royalty payments to Ericsson to the smallest saleable component containing Ericsson's technology, Bernstein says that Ericsson's IP revenue would be reduced to almost nothing if the court grants Apple's request. However, the firm does not believe that Apple's request has a good legal rationale, and it thinks that the court is "extremely unlikely" to grant it. As a result, the firm is "relaxed" about Ericsson's outlook. It keeps an Outperform rating on the shares.
March 18, 2015
05:52 EDTQCOMQualcomm to play larger role for China smartphone production, DigiTimes says
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March 17, 2015
07:18 EDTERICSatellite & Access Intelligence to hold a exhibition
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March 16, 2015
06:09 EDTQCOMStocks with implied volatility below IV index mean; CSCO QCOM
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